The Central Bank of Iraq begins the process of electronic payment to reduce the use of paper money
The Central Bank of Iraq begins the process of electronic payment to reduce the use of paper money
link to see this article in full and more go to: My FX Buddies Blog
The Central Bank of Iraq announced that Cabinet Resolution No. (23044) for the year 2023 has entered into force, represented by increasing the number of electronic payment devices (POS), which are used as of today, the first Thursday of June, in government institutions and the private sector to promote a culture of electronic payment and collection Reducing the use of paper money in collection and commercial transactions.
And…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.